Ascend Acquisition Corp. Announces Record Date

NEW YORK, April 17 /Xinhua-PRNewswire-FirstCall/ -- Ascend Acquisition
Corp. (OTC Bulletin Board: ASAQ, ASAQU, ASAQW) (''Ascend''), a public company
organized for the purpose of acquiring an operating business, announced today
that stockholders of record as of April 21, 2008 (the ''Record Date'') will be
invited to attend Ascend's special meeting in lieu of annual meeting of
stockholders to vote on the following six proposals: (1) to consider and vote
upon a proposal to move the domicile of Ascend to Bermuda through an
amalgamation of Ascend and ePAK International Limited (''ePAK''), a Bermuda
subsidiary formed for the purpose of effecting the redomestication; (2) to
approve the Agreement and Plan of Reorganization, dated as of July 20, 2007,
as amended, by which ePAK would acquire all of the outstanding capital stock
of e.PAK Resources (S) Pte. Ltd. (''e.PAK Resources''), (3) to consider and
vote upon a proposal to increase the authorized common stock of the continuing
public company from 30 million to 70 million shares; (4) to consider and vote
upon a proposal to approve an equity-based incentive compensation plan for
directors, officers, employees, consultants and others; (5) to consider and
vote upon a proposal to have the continuing public company's name be ePAK
International Limited; and (6) to consider the adjournment, if necessary, of
the special meeting to solicit proxies.
Ensuring Your Vote is Counted
In advance of the Record Date, Ascend advises holders of its securities to
move these securities into accounts which do not permit the lending of
securities, so called cash accounts or segregated accounts, and out of
accounts that permit the lending of securities, such as margin accounts. These
steps are designed to ensure that votes related to common and common shares
beneficially owned by stockholders are properly counted. Beneficial owners of
common shares that have been lent out (either with or without the beneficial
owners' knowledge) are not permitted to vote those shares.
About e.PAK Resources
e.PAK Resources was established in 1999 by a team of semiconductor
industry veterans. e.PAK Resources' product areas include IC transport, wafer,
and electronic systems handling. The company's products are sold globally to a
blue chip customer list of semiconductor companies, equipment suppliers, and
assembly and test vendors. The company's low-cost, large-scale manufacturing
operations in Shenzhen, PRC are centrally located to the semiconductor
industry. e.PAK Resources is based in Singapore and maintains nine sales
offices worldwide.
About Ascend Acquisition Corp.
Ascend Acquisition Corp. was formed on December 5, 2005 for the purpose of
effecting a merger, capital stock exchange, asset acquisition or other similar
business combination with an operating business. Ascend raised net proceeds of
approximately $38.5 million through its initial public offering in May 2006.
Not a Proxy Statement
This press release is not a proxy statement or a solicitation of proxies
from the holders of common stock of Ascend and does not constitute an offer of
any securities of Ascend for sale. In connection with the proposed acquisition,
Ascend has filed a preliminary proxy statement/prospectus with the Securities
and Exchange Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ
THE DEFINITIVE PROXY STATEMENT/PROSPECTUS THAT WILL BE MAILED TO ALL
STOCKHOLDERS OF RECORD BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT ASCEND
AND e.PAK RESOURCES. Any solicitation of proxies will be made only by Ascend's
definitive proxy statement/prospectus. Investors and security holders may
obtain a free copy of the definitive proxy statement/prospectus and other
documents filed by Ascend at the Securities and Exchange Commission's web site
at www.sec.gov.
This press release may contain certain forward-looking statements
including statements with regard to the future performance of Ascend. Words
such as ''believes,'' ''expects,'' ''projects,'' and ''future'' or similar
expressions are intended to identify forward-looking statements. These
forward-looking statements inherently involve certain risks and uncertainties
that are detailed in Ascend's filings with the Securities and Exchange
Commission. Ascend undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
For more information, please contact:
Ascend Acquisition Corp.
Don K. Rice, Chairman and CEO
Tel: 610-519-1336
Email: Don@ascendgrowth.com
Investor Relations:
Crocker Coulson, President
CCG Investor Relations
Tel: 646-213-1915
Email: Crocker.coulson@ccgir.com
SOURCE Ascend Acquisition Corp.
CONTACT:
Don K. Rice, Chairman and CEO of Ascend Acquisition Corporation, +1-610-519-1336, or don@ascendgrowth.com; or Crocker Coulson, President of CCG Investor
Relations for Ascend Acquisition Corp., +1-646-213-1915, or
crocker.coulson@ccgir.com
-0- Apr/17/2008 19:41 GMT